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Ripple CTO David Schwartz announces that XRP Ledger devs plan sidechain launch in Q2 for Ethereum compatibility. 

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#VeChain recorded a 5% intraday drop after failing to cross the 50-day EMA. Derivatives data show weak interest, raising the risk of a $0.02199 breakdown. As the broader market struggles to find support, VeChain takes a bearish turn around the 50-day EMA, with a surge in selling pressure nearly undermining weekly gains. Will the downtrend break under the crucial $0.02199 support? Vechain Price Analysis On the daily chart, VeChain shows a V-shaped reversal, recovering from the three-day crash last week. The bullish trend produced five consecutive bullish candles. The recovery rally saw five consecutive bullish candles, with the price rising from $0.02253 to $0.02630, a 16% surge. However, the uptrend failed to break above the 50-day EMA, resulting in a sudden 4.87% crash on Wednesday. Due to recent fluctuations, the MACD and signal lines have flattened despite the earlier positive crossover. Hence, the technical indicators give mixed signals amid increased volatility in VET prices. Notably, the declining trend in the 50-, 100-, and 200-day EMAs signals a bearish long-term outlook. As selling pressure revives, the altcoin broke below the $0.02471 support level. VeChain extended its losses with a 5.17% intraday drop, trading at $0.02222. Thus, the likelihood of VET retesting the $0.02199 horizontal support has increased. A potential closing below the immediate support could extend the correction to the psychological level of $0.02000, followed by $0.01974. However, if VET avoids closing below $0.02471, a potential bounce back to the 50-day EMA at $0.02609 remains possible. VET Derivatives As VeChain’s bearish trend re-emerges, optimism in the derivatives market takes a significant hit. Open interest dropped 9.48% to $62.85 million, signaling reduced trader interest. Long liquidations reached $419k, while short liquidations remained below $6k. This reflects a substantial wipeout of bullish players. Consequently, the long/short ratio dropped to 0.8744, indicating an increased number of bearish positions. #Crypto

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"Ethereum holds firm at $2,700 as ETF inflows explode to $699M in June"

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#PEPE retests its 50% Fibonacci level as large holders increase net flows by 1,645%. Can the meme coin bounce back toward $0.00001550? Pepe has witnessed a steep correction toward recently broken 50% Fibonacci level, risking a potential bearish turnaround. However, large holders’ net flows and optimism in the derivatives market signal a possible bounce-back for Pepe. Will this extend the bullish trend toward the $0.00001550 resistance level? On-chain Data Supports Bullish Chances According to IntoTheBlock’s data, large holders’ Net Flow has surged by 1,645% over the past seven days. On June 11, the Net Flow reached 854.64 billion, reflecting increased confidence among large holders. This indicator measures the net flow of holders owning more than 0.1% of the circulating supply. Pepe Price Analysis At the time of writing, Pepe trades at $0.00001242, with an intraday pullback of 0.64%. This reflects a lower price rejection from the 24-hour low of $0.0000121. Following a minor bounce, Pepe holds ground above the 50% Fibonacci level at $0.0000122. However, the recent 4.80% pullback on Wednesday indicates a marginal increase in selling pressure. Due to prior bullish momentum resulting in a golden cross and hinting at a bullish crossover in the 100-day EMA lines, the meme coin is likely to sustain the prevailing uptrend. Supporting these bullish prospects, the MACD and signal lines are expected to flatten near the zero line, signaling a potential bullish crossover. Based on price action analysis, an immediate bounce back in Pepe could face resistance at $0.0000155, followed by key resistance at $0.00001705. On the downside, a close below the 50% Fibonacci level could test the 200-day EMA at $0.00001155. PEPE Derivatives Supporting a bullish sentiment, optimism remains strong in PEPE’s derivatives market, with open interest rising by 0.30% to $577.44 million. Long liquidations have surged to $1.97 million in the past 24 hours, more than double the short liquidations, which were $920,000.This signals wipeout of bullish-aligned traders, dropping ratio to 0.9516

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"Ripple’s $700M Buyback Signals LIFTOFF! Is XRP About to Moon?"

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Trump Administration To Remove Regulatory Impediments to #Bitcoin and Stablecoins: US Treasury Secretary. Scott Bessent, the US Treasury Secretary, has reiterated this administration’s commitment to promoting the course of Bitcoin and blockchain technology in America. He said in his speech at the American Bankers Association in April that the Donald Trump administration remains committed to promoting innovation in the United States. Part of this involves reforming the banking system by incorporating blockchain technology and new payment rails. To do so, Bessent noted that his administration would identify and eliminate all impediments to the adoption of blockchain technology. Bessent believes that a clear crypto framework would foster the incorporation of blockchain technology into the banking system. Furthermore, he suggested that stablecoins would create new payment rails for the traditional financial system and “unleash the awesome power of the American capital market.” Bessent further stressed the importance of the stablecoin market to the US dollar’s dominance in a speech at the Senate Appropriations Committee hearing on Wednesday. He noted that the cryptocurrency would strengthen the USD’s position in the global financial market. According to him, bills like the GENIUS Act would encourage mainstream adoption of US dollar-pegged stablecoins and boost their reach extensively both globally and locally. #Crypto

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